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SNS Silver Announces Private Placement

Monday, August 10th, 2009

SNS Silver Corporation (TSX-V: SNS) announces a non-brokered private placement of up to 10,000,000 units at a price of $0.10 per Unit, for gross proceeds of up to $1,000,000. Each unit will consist of one common share and one non-transferable warrant. Each warrant will be exercisable to acquire one additional share for a period of 24 months from closing at an exercise price of $0.20.
The proceeds from the private placement will be used for completion of the scoping study on the Crescent Mine and for general working capital purposes. Funds raised may include up to a 10% finder’s fees in cash or shares.
The offering is subject to completion of satisfactory due diligence by the agents with respect to the company, completion and execution of appropriate documentation, acceptance for filing by the TSX Venture Exchange of the offerings on behalf of the company, and receipt of any required regulatory approvals.

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